High Court interference with ITAT order upheld, restoring appellate and assessment orders; tax quantum issue left unexamined.

The Supreme Court upheld the High Court's interference with the ITAT order, accepting that the ITAT order was liable to be set aside and that the orders of the Appellate Commissioner and the Assessing Officer should be restored. The separate request relating to the quantum of tax payable was not examined on merits.

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Issues: Whether the High Court was justified in interfering with the order of the ITAT and restoring the order of the Appellate Commissioner and the Assessing Officer.

Analysis: The Court found no reason to interfere with the High Court's view that the ITAT order was liable to be set aside and the orders of the Appellate Commissioner and the Assessing Officer restored. The separate request concerning the quantum of tax payable was not examined on merits.

Conclusion: The interference by the High Court was upheld and the restoration of the orders of the Appellate Commissioner and the Assessing Officer stood affirmed.

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